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BenefitsLink Retirement Plans Newsletter

August 29, 2011 Get Health & Welfare News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Director of Data Conversion
for Diversified in NY

Loan & Withdrawal Specialist
for National TPA/Actuarial firm in ANY STATE

Compliance Testing and Reporting Specialist
for Prudential in IA

Actuarial Finance & Analysis Manager
for Prudential in CT

Director, Financial Reporting
for Prudential in CT

Manager, Financial Reporting
for Prudential in CT

Operational Accounting & Financial Controls Manager
for Prudential in CT

Accounting and Analysis Manager
for Prudential in CT

Accounting Specialist
for Prudential in CT

Plan Administrator for Retirement Plan & ERISA Specialists
for Dana Consulting Group, Ltd. in IL

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Webcasts and Conferences

Booting Upí On Compensable Work Time - Live Smartcast Webinar
Nationwide on September 20, 2011 presented by FutureOffice Network

Choosing Service Providers for Health and Welfare Plans: Best Practices for Employers Webcast
Nationwide on August 31, 2011 presented by ALI-ABA (American Law Institute-American Bar Association)


We also publish the BenefitsLink Health & Welfare Plans Newsletter (free): Subscribe

[Guidance Overview]
PBGC Guidance on Bankrup.tcy-Related Plan Terminations (PDF)
"These regulations are effective July 14, 2011, and apply to plan terminations occurring during a bankrup.tcy proceeding that was initiated on or after September 16, 2006." (Prudential Retirement)


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Sponsored by ASPPA

Whether working towards an ASPPA credential or just growing knowledge in specific areas, ASPPA exams offer CPE credits (valid for ASPPA, JBEA and ERPA). Proctored exam window is open November 1 to December 14 - register early and have time to prepare.


[Guidance Overview]
Court Denies Attorneys' Fees in Institutional Versus Retail Shares Case
"A district court has denied participants' request for attorneys' fees in their attempt to sue their employer over the selection of funds in their 401(k) plan." (PLANSPONSOR.COM)

[Guidance Overview]
Waiver of 60-Day Rollover Requirement Granted to Fix Unsuccessful Transfer of IRA Funds
"The IRS determined that the information and documentation submitted by the taxpayers were consistent with their assertion that their failure to make a timely rollover was caused by incorrect advice from their financial adviser. Therefore, the IRS waived the 60-day rollover requirement for the distributions from the IRAs and granted the taxpayers 60 days from the issuance of the letter ruling to contribute their funds to a rollover IRA." (Wolters Kluwer Law & Business / CCH)

[Guidance Overview]
What Retirement Plan Sponsors Need to Do About the New Fee Disclosure Regulations
"[T]his article will help plan sponsors understand fee disclosure and what they need to do about it in order to minimize their liability as plan fiduciaries." (The Rosenbaum Law Firm P.C, via JD Supra, LLC)

[Guidance Overview]
Cross-Tested Plan Design
"A plan may not use the following contributions in satisfying the minimum gateway contribution requirement: Deferrals; Matching contributions (including safe harbor contributions); After-tax employee contributions." (SunGard Relius)

[Guidance Overview]
Are You Ready for DOL Service Provider Disclosure Requirements?
"[A]lthough service providers are tasked with developing the required disclosures, plan sponsors face fiduciary liability for ensuring they are received, reviewing them, and ensuring that their arrangements with providers are reasonable." (PLANSPONSOR.COM)

[Guidance Overview]
Third Circuit Narrows Plaintiffs' Ability to Bring ERISA Breach of Fiduciary Duty Claims
"Although the Third Circuit declined the opportunity to join the fray over the proper scope of Section 404(c), its decision is nevertheless an important one within the ambit of fee litigation." (Littler Mendelson P.C.)

Study Shows DC Plans Would Cost Texas Taxpayers More
"The [study] calculated the costs of achieving a target retirement benefit for employees and expresses this cost as a level percent of payroll over a person's career in the public sector. The defined benefit plans cost about 40% less than 401(k)-type plans would cost." (PLANSPONSOR.COM)

Direct Real Estate for DC Plans Seen as Growing Business (PDF)
"Rather than creating a stand-alone direct real estate investment option, these managers are aiming to persuade plan executives and target-date fund managers to replace their REIT-only allocations with a direct real estate strategy in their target-date or asset-allocation funds." (Pensions & Investments via Callan Associates Inc.)

Best Practices in Workplace Financial Education for the Millennials
"Build on their strengths. Gen Y learned valuable money management skills during the recession. Help them to build on these by offering education around financial basics such as debt reduction, improving credit, and saving for goals." (401khelpcenter.com, LLC)

Multiple Employer Plans: An Alternative for Retirement Plan Sponsors
"An MEP (not to be confused with a multiemployer, or Taft Hartley, plan) is a retirement plan established by one plan sponsor that is then adopted by one or more participating employers. When an employer merges its current single-employer plan into a properly structured MEP, the role of plan sponsor then transfers from the adopting employer to the plan sponsor of the MEP." (PLANSPONSOR.COM)

Boomer Retirement Could Be a Factor Holding Down Equity Valuations Over the Next Two Decades (PDF)
"The baby boom generation born between 1946 and 1964 has had a large impact on the U.S. economy and will continue to do so as baby boomers gradually phase from work into retirement over the next two decades. To finance retirement, they are likely to sell off acquired assets, especially risky equities. A looming concern is that this massive sell-off might depress equity values." (Federal Reserve Bank of San Francisco)

U.S. Cities Strangled by Cost of Ballooning Pensions
"After the city of Beverly Hills was forced to provide the 'total cost to the city' for each employee as a result of three California Public Records Act demands and the threat of litigation by the Courier, the published reports kicked off a public firestorm." (FOX News Network, LLC)

Benefits in General; Executive Compensation

Five Things Employers Should Like About Restricted Stock
"These five attributes that make restricted stock compare favorably to other forms of equity-based compensation can really be summed up in one word: simplicity." (Verrill Dana, LLP)

Press Releases



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